Cost of Living in Medford, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
205.7
100 = national avg
+105.7 vs national average
Living Wage (1 Adult)
$90,510
per year
Living Wage (Family of 4)
$213,933
per year
Cost Index by Category
Housing306.5
Food140.3
Transportation137.1
Healthcare132.2
Utilities165.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Medford is 205.7, which is 105.7% above the national average. Housing costs are above the national average at an index of 306.5. A single adult needs to earn approximately $90,510 per year to cover basic expenses.